Tern Plc Tern Plc : Issue Of Equity

 
TIDMTERN 
 
   1 March 2017 
 
   Tern Plc 
 
   (AIM: TERN) 
 
   Issue of Equity 
 
   Tern Plc (AIM:TERN), the investment company specialising in the Internet 
of Things, announces that it has issued and allotted 100,000 ordinary 
shares of 0.02 pence each pursuant to the exercise of share options 
exercisable at 9 pence per share. 
 
   Application will be made for the 100,000 new ordinary shares to be 
admitted to AIM and it is expected that admission will take place and 
trading in the new ordinary shares will commence on 6 March 2017. 
 
   The share options were issued to Michael Clark when he was a director of 
Tern Plc, as part of his remuneration package.  Following this issue, 
Michael Clark has 400,000 share options remaining. 
 
   Following Admission of the new ordinary shares, the enlarged issued 
share capital will be 120,151,443 ordinary shares of 0.02p each. The 
Company does not hold any shares in Treasury. The above figure may be 
used by shareholders as the denominator for the calculations to 
determine if they are required to notify their interest in, or a change 
to their interest in, the Company, under the Disclosure and Transparency 
Rules. 
 
   Enquiries: 
 
 
 
 
Tern plc 
 Al Sisto/Sarah Payne            Tel: [phone] 
 
  WH Ireland                     Tel: [phone] 
  (NOMAD and joint broker) 
  Mike Coe/Ed Allsopp 
 
  Whitman Howard                 Tel: [phone] 
  (Joint broker) 
  Nick Lovering/Francis North 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Tern Plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

March 01, 2017 02:00 ET (07:00 GMT)

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